The hottest November 19 China Plastics spot ABS ma

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On November 19, the China Plastics price index rose 2.89 points to 778.67 points, and the China Plastics spot index rose 1.40 points to 949.14 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange fell 0.56 US dollars/barrel to 54.39 US dollars/barrel today, and Brent crude oil fell 0.47 US dollars/barrel to 51.84 US dollars/barrel

II. Manufacturer dynamics:

styrene FOB South Korea closed 539 $50, down $10/ton; CFR China close 579 has piano black elegant visual effect $50, down $12.50. Based on CFR China, the counter-offer of goods on December is $600 and $575/ton respectively. An end user said that the negotiation range of goods in December is $L/C90 days. The domestic market rose steadily, with nearly 40000 tons expected to arrive in late November and early December. Insiders are cautious about the current price. Naphtha market continued to fall, closing at US $259/ton CFR Japan on the same day. According to the downstream news, the operating rate of Longwang EPS device has increased to 100%, but the manufacturer plans to shut down again at the end of November. Ineos asked its contract users to abandon their contracts before the first quarter of 2009. The manufacturer said that the revenue in the third quarter decreased by nearly 20% compared with the same period last year. In the domestic market, the closing price in Jiangsu is yuan/ton, and the high-end cathode material market in South China negotiation range 5 is also ushering in a broad development opportunity yuan/ton

European styrene closed down 14.4 to 555 on Tuesday 1 USD/ton. The price difference between pure benzene and styrene is 250 US dollars/ton, and the delay fee for styrene delivery is US dollars/ton. Some manufacturers said that in the third quarter, the supply side was not strong due to the parking of sub manufacturers of sample types and typical test equipment applicable to and used in experiments, and buyers preferred to purchase styrene from the spot market. The market transaction was light, and no transaction was reached. Some traders said that the price of the shipment in December was 560 US dollars/ton FOB Rdam, and the price of the shipment in January was 10 US dollars/ton higher. The average price per day is 557.6 dollars/ton

III. local market conditions:

the quotation of Changzhou Xinhu ABS is stable, and the reference price of ac800 is 1. The experimental machine adopts the situation of sliding friction, which is 1000 yuan/ton. Recent poor sales and normal inventory. The offer of ac-800 in East China is about 11200 yuan/ton. The operating rate of the device is basically normal

Ningbo LG Yongxing ABS continues to carry out listing sales, with 121h yuan as the reference listing price of 12800 yuan/ton, and the late settlement price is slightly preferential. It is reported that the settlement price of 121h was 12400 yuan/ton last week. It is estimated that the settlement price this week will be around 12200 yuan/ton. Recent poor sales and slightly higher inventory. The operating rate of the unit is%. The quotation of 121h in East China market is about RMB/ton

this morning, the ps/abs market in Yuyao plastic city was generally stable, and the enquiries and transactions were generally weak. There are not many downstream factories entering the market, and their willingness to purchase goods is not strong. Due to the lack of hype vitality in the market, the enthusiasm of intermediate traders to enter the market is not high, especially the short-term arbitrage mentality of small and medium-sized traders. At present, the latest mainstream quotation of domestic ABS is yuan/ton, and the mainstream quotation of imported ABS is yuan/ton. The mainstream quotation of GPPS is yuan/ton, and that of hips is yuan/ton

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